#Spinning

2023-01-25

New CEO for Rieter

Norbert Klapper, who has led Rieter as CEO for nine years, has informed the Board of Directors that he wishes to take on new professional challenges. The Board of Directors of Rieter Holding Ltd. has taken note of Norbert Klapper’s resignation, expressing its gratitude for his service to Rieter. The Board of Directors has appointed Thomas Oetterli as his successor as CEO of Rieter.

Board of Directors Appoints Thomas Oetterli as New CEO

Thomas Oetterli (53) has made a significant contribution to the successful development of the world-leading Schindler Group, starting in 2006 as CEO Switzerland, later as a member of the Group Executive Committee responsible for Europe and China, and from 2016 until 2022 as CEO of the Group. With his comprehensive leadership skills and many years of industrial and international experience, Thomas Oetterli brings ideal prerequisites to lead Rieter as a global market leader through the current challenges and successfully develop it further in the long term. He will take over the function of CEO from Norbert Klapper on March 13, 2023.

The Board of Directors would like to thank Norbert Klapper for his many years of hard work for Rieter and his lasting contribution to the company, particularly in terms of further strengthening its technology leadership, developing the components and service business, completing the systems offering, and wishes him all the best for the future, both professionally and personally. Following his departure as CEO, he will be available to the Chairman of the Board of Directors as Senior Advisor until the end of September 2023.

Thomas Oetterli also proposed as member of the Board of Directors

In the course of the intensive talks with Thomas Oetterli that led to his appointment as CEO of Rieter, the Board of Directors came to the conclusion that, with his proven strategic competencies, extensive industrial experience and international network of contacts, he would also make important contributions to Rieter’s Board of Directors and strengthen its overall profile. As Chairman of the Board of Directors of SFS, an industrial company in Switzerland, he is also familiar with the international industrial environment from the perspective of another globally active Swiss industrial company.

In view of the current challenges Rieter is facing in the current economic and market situation, which require close cooperation between the Board of Directors and the Group Executive Committee, the Board of Directors considers a dual function of Thomas Oetterli as CEO and member of the Board of Directors to be advantageous and in the interest of all stakeholders. It will therefore propose Thomas Oetterli for election as a member of the Board of Directors at the upcoming Annual General Meeting on April 20, 2023.

Rieter appoints Daniel Lippuner as new CEO as Thomas Oetterli steps down

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation of the Next Level performance program, the structural measures initiated to consolidate the sites and the acquisition of Barmag, the time has come to hand over responsibility to new hands,” explains Thomas Oetterli.

Rieter and partners launch Recycling Powerhouse for industrial-scale textile recycling

Recycling Powerhouse Ltd. was established in July 2026 to industrialize, standardize and scale textile recycling. Based in Switzerland, the venture will operate a franchise-driven business model that enables the production of high-quality, certified recycled yarns. The project is supported by the following partners: Rieter Group, the world’s leading system supplier for natural and man-made fibers, Säntis Textiles, a Swiss textile engineering company, and Valvan, a Belgian sorting technology company. The first blueprint franchise operation is scheduled to launch early 2027 in partnership with Suhail Industrial Holding Group in Qatar.

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.

Barmag showcases pump solutions for demanding PU applications at PU China 2026

At PU China, taking place November 3–5, 2026, at the Shanghai World Expo Exhibition Center in Shanghai, Barmag’s Pumps Division will present high-performance metering solutions for the processing of polyurethane systems (Hall 1, Booth 135). The focus is on high-precision gear metering pumps that enable the exact delivery of PUR components as well as other high-viscosity and reactive media. With their high metering accuracy, they help reduce material consumption, stabilize processes, and ensure consistently high product quality.

ITMA Asia 2026: How Barmag is reshaping the future of man-made fiber production

The textile industry is entering a groundbreaking era. Manufacturers face rising energy prices, growing sustainability demands, increasing labor shortages, and an unprecedented need for flexibility. For a globally active textile industry, where competitiveness is closely linked to production efficiency and cost leadership, this means that technology is no longer merely a means of improving operational processes – it is increasingly becoming a strategic differentiator.

New Cotton Review examines competitiveness, market risk, and opportunities

From moving record volumes of Brazilian cotton to market, to managing price volatility, unlocking Ethiopia’s production potential, and strengthening African textile trade, the latest edition of Cotton: Review of the World Situation examines some of the most consequential opportunities and challenges facing the global cotton industry.

Long John puts KARL MAYER's RDJ 7/3 into operation and strengthens its position as a market leader

KARL MAYER has just unveiled its new RDJ 7/3 Jacquard Double Needle Bar Raschel Machine in the international trade press, and the innovation is already causing a stir in the market: The Long John Group, a leading manufacturer of performance footwear fabrics and a long-standing partner of renowned brands, was the first customer to invest in the new machine and celebrated its official launch at its Indonesian plant on August 20.

An eco-friendly alternative to fluorocarbon treatments

Protective and outdoor clothing derives its durable water-, dirt- and oil- repellent properties from the application of fluorinated polymers or per- and polyfluorinated low-molecular- weight chemicals (PFCs). The beneficial properties thus achieved on textiles are offset by environmental and human health risks. For manufacturers of sports, medical, protective and automotive textiles, researchers at the Sächsisches Textilforschungsinstitut e.V. and the Leibniz Institute for Polymer Research have developed liquid-applied dispersions and solutions to functionalise textiles without the use of fluorine.